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Tax Data

CCH IFirm Accounts Production
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    The integration between CCH iFirm Accounts Production and CCH iFirm Personal Tax provides a streamlined way to reuse tax-related information prepared within the accounts. Once the accounts figures and associated tax data have been reviewed in Accounts Production, the data can be made available for import into the client’s Personal Tax return. This reduces duplicate data entry, supports consistency between the accounts and tax return.

    In the Tax Data area of CCH iFirm Accounts Production, you can review the draft figures and mark them as final once they have been approved. When the figures are marked as final, the area name changes from Tax Data (draft) to Tax Data (final).

    CCH_iFirm_Accounts_Production_Tax_Data_1.png

     

    The information button explains

    In summary this area allows you to:

    • Review the income and expenses within the listed tax categories.
    • Keep the data in Draft while accounts are changing.
    • Mark the data as Final once completed.

    The tax preparer is responsible for importing the available dataset from CCH iFirm Accounts Production into CCH iFirm Personal Tax and reviewing the transferred figures.  There is no "push" from the accounts into tax.

    If required, the data can be downloaded into a Text or Excel file by click the Download button on the right of the screen. 
    CCH_iFirm_Accounts_Production_Tax_Data_2.png

     

     

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